Any rumors who will be buying NDF? Will it be sold together or in pieces ?
Fluids margins 1.5% (down from 2.4%). Words from the CEO: Additionally, in a scenario in which we successfully exit the Fluids business, we anticipate a further opportunity to simplify our overhead structure and drive a meaningful SG&A cost... — read more
Maybe it's not a nice thing to say, but the company has a lot of useless people for whom no one knows what they actually do. Why don't they finally get rid of those pretenders? On the other hand, many of us are overwhelmed with work.
With the sale of Excal, GOM, Conroe, and shut down of Stim do they go back to NDF or keep the short lived and ridiculous “Fluids Systems” brand? With the cuts to personnel in NE, OK, ArkLaTex, STX, and Katy (but oddly not in WTX) makes you think... — read more
Needless to say, fluids numbers are ABYSMAL. 2.5% margins in fluids? Folks, we have been in a North American drilling bo-m for almost 24 months, that’s the best you can do? How about departing The Woodlands and uproot to The Katy Palace that was... — read more
Looks like they are finally trying to make changes in WTX. New leadership promoted from within is a good thing for company morale but a bad thing for the division. A million + in salesmen salaries for salesman that don’t and prob won’t hold any... — read more
Newpark Resources (NYSE:NR) Full Year 2022 Results Key Financial Results Revenue: US$815.6m (up 33% from FY 2021). Net loss: US$20.8m (loss narrowed by 18% from FY 2021). US$0.23 loss per share (improved from US$0.28 loss in FY 2021). — read more
Former Newpark fluids folks~ALL laid off by PV, started their own mud companies, now have over 100+ rigs running in the US! How do you like me now!!!!
Fluids q3 snapshot: $24.2 m LOSS, -14.3% margins. Cash on hand: substantially lower, current debt: substantially higher. Just when you think it can’t get any worse, it really does. You functional illiterates need a business class on how to run a... — read more
Say no more. Outstanding job by NR execs running this stock straight into the cr----r. Enjoy those options boys! Maybe, just maybe, all those high salaried employees aren’t nearly as valuable as they think. Poor performance = poor employee... — read more
Down 66% in 5 years. Down 34% in past 90 days. Accomplishing this while in a up cycle. Impressive results🤣🤣🤣
Simply laughable. 0 analysts with questions. A long term going out of business sale! Every officer of the company should be fired today. Every manager and salesman that has not been consistently turning 50% margins or greater, should be sh-t... — read more
Are we expecting any surprises ?
1 analyst only with a question. Folks, that should tell you all you need to know. When will the activist board member force hard changes? You certainly don’t need to be a brain surgeon to see this.
Most of the people I enjoyed working with left here a long time ago. Those were the people from whom something new could be learned every day because they were top experts. However there are still very capable and knowledgeable people here, but... — read more
Just heard David left Newpark. Wonder if he will be able to take work and talent.
Q4 financials out this afternoon. Fluids with a profit of $900k on an underwhelming .7 margin! But this is without corporate overhead of $26m. And read further down folks, $4.3m sales of property, equipment and assets contribute as well. Not to... — read more
Twas the night before Christmas, And all thru Howes house Not even a sound More Lost money just blowing around Come Paterson, come Vollands Come Armand, come all Howes will say your the ones That really dropped the ball As we all predicted The... — read more
1st ~ they fire presidency of fluids (again), then major investor calls for split of company. Noted that fluids “is a sinking ship” and corporate overhead is out of control. Folks, it’s only going to get worse in fluids. You get what you pay... — read more
Here is all you need to know about Fluids (from Newpark financials): $86.7m LOSS. -14.9% margins $43.6m LOSS. -11.0% margins $27.5m profit. 4.5% margins $40.3m profit. 5.6% margins $3.8m profit. 0.6%... — read more
That all the management at Newpark in Houston didn’t collectively have half a brain. Brash statement at the time, he didn’t mince his words. Truer words never spoken!
Continued quarterly losses with negative margins. By almost all metrics, failure at all levels. PH’s decision to “get younger” is the gift that keeps on giving! Enjoy this options boys! Fluids is the laughing stock of the patch.
5 spots in Oklahoma City Oilmens Golf filled by NP employees last week. Wouldn’t it be wise to use that for customers? More insanity, couldn’t script it any better🤣🤣🤣
Getcha popcorn ready!
Enjoy those options boys.....
With ex NP people? I know of at least 3.
When, where, and how many?
From CESDF q3 conference call (not sure who they were referring to, draw your own conclusion): At this point of the call, traditionally long-term followers of the company would expect a very granular operations and technical update for me. I want... — read more
$24m q3 loss for NP. Fluids contributes $19m loss with NEGATIVE 28% margins. But, but, but - we have increased market share. Amazing marketing plan NOT. Give it away and play the blame game on Hurricane season. PH AINT gotta clue.
Atrocious q2 earnings report.
Bottomed our at 251........
Down 13. Not good for any service company
Down 17. How low she go? I say rig count bottoms out in June at 250-275. Slim pickings for sure. Q2 numbers will be ugly folks. Reactive vs proactive management takes too long to adjust to market. What happened to all the “we can differentiate... — read more
That ain’t gonna stop the bleeding in US fluids boys. Negative margins are negative margins no matter how you slice it...